Raymond James Initiates Outperform on AMD, Citing Strong AI Pipeline and Market Share Gains

Advanced Micro Devices, Inc. (NASDAQ:AMD) is 1 of the AI Stocks successful Focus connected Wall Street. On November 20, Raymond James assumed sum connected the banal with an “Outperform” standing and a terms people of $337.00.

The steadfast believes AMD is simply a wide AI beneficiary supported by a imaginable $15B AI pipeline by 2026 and OpenAI deployments boosting GPU adoption and marketplace stock gains.

AMD is seen to beryllium the champion positioned to vie with Nvidia successful the GPU market, with expectations for “continued momentum” successful accelerators and AI rack systems.

“AMD is simply a starring vendor of CPUs, APUs, and GPUs successful the user and information halfway markets and is actively processing caller elements including platforms and software. Investor skepticism lingers, but shares person attracted a broader assemblage than successful the past”

According to the analysts, fundamentals request to drawback up, and they judge they will.

The caller wins from OpenAI and Humain for ~1GWcould beryllium worthy an estimated $15 cardinal by 2026, increasing to implicit 2 gigawatts successful 2027. AMD is besides poised for sustained server and PC stock gains, added the analysts.

Meanwhile, OpenAI deployments whitethorn enactment arsenic an important endorsement, apt encouraging different exemplary builders and hyperscalers to follow AMD GPUs.

The steadfast models conscionable 190K MI350 chips and 915K MI450 chips successful FY27, with the institution poised for continued server and PC stock gains.

“The AI TAM is ample capable to enactment aggregate spot suppliers, and AMD volition beryllium among the participants. We found a $337 terms target.”

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for information centers, gaming, AI, and embedded applications.

While we admit the imaginable of AMD arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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